I remember this off an old Burl Ives album.

HORACE THE HORSE
(from Burl Ives)

Horace the horse on the merry-go-round
Went up and down, round and round
He's been sad since the day he found
He's the very last horse on the merry-go-round

The music began and away they go
High and low, to and fro
Poor old Horace would always say
"I'm the very last horse again today."

How he tried and tried and tried
But he just never could win.
Horace cried and cried and cried
'Cause all the other horses were ahead of him

Then came the day on the merry-go-round
When Horace turned, looked around
Then said "Gosh oh gee --
I'm the very first horse on the merry-go-round,
The others are following me!"